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Bank of Canada's Economic Challenges
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Bank of Canada Raises Interest Rates Ami...
Bank of Canada's Mortgage Concerns and N...
Bank of Canada's Rate Dilemma
Alberta's Budget Surplus Forecast
Australia's Central Bank Holds Rate
Australia's Central Bank Pauses Rate Hik...
Overview
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Bank of Canada grapples with economic realities, holding rates steady while acknowledging the impact of rate hikes on weak economic growth. The central bank's credibility is under scrutiny due to an extended period of inflation above its control range and political pressure from Canadian provinces. The Canadian services PMI fell to a 3-year low of 44.5 in November, indicating a deteriorating business activity, raising concerns about a potential recession in 2024.
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How might the Bank of Canada's credibility and political pressure influence future economic decisions and policies?
How might the Bank of Canada's decision to hold rates steady impact the Canadian economy in the short-term and long-term?
What strategies could the Bank of Canada employ to address the deteriorating business activity and potential recession concerns?
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